Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — AJM 12th Annual Global Iron Ore & Steel Forecast Conference (March 2009)
22 slides from Bci Minerals's conference presentation, Mar 24, 2009
Slide 1: AJM 12th Annual Global Iron Ore & Steel Forecast Conference
For personal use only AJM 12th Annual Global Iron Ore & Steel Forecast Conference March 2009 Mike Young Managing Director
Slide 2: Nullagine Iron Ore Project: Path to Mining
NULLAGINE IRON ORE PROJECT For personal use only PATH TO MINING Mineable Resource Pisolite Fines, low contaminants, ultralow P Mining & Heritage Approvals Surface mining, no pit, above water table Profitable Mining Methods Surface miner, low strip ratio, ore at surface Infrastructure Haulage
Slide 3: Company and Nullagine Project overview
For personal use only Company Listed ASX December 2006 - Maiden resource March 2008 Meas & Ind Resource Jan 2009 – DFS June 2009 Major shareholders ConsMinerals and Alkane Resources Offtake agreement with Tennant Metals Nullagine Resource 46Mt @ 57% Fe and low Al2O3 and P Project Feasi
Slide 4: Projects Location
PROJECTS LOCATION For personal use only Nullagine Project 1500 km2 holding in Pilbara Adjacent to existing infrastructure Bungaroo Creek Project Adjacent Rio’s Bungaroo CID Greenfields project Awaiting grant of tenure 4
Slide 5: Nullagine Project
NULLAGINE PROJECT For personal use only Bonnie Creek CID 46Mt DSO 57.0% Fe (64% CaFe) 60 Mt DSO 56.0% Fe present Ultra-low P, High quality sinter blend Adjacent to FMG operations Nullagine River CID DSO & upgrade CID (~5 Mt) Shaw River CID Potential DSO, upgrade & detritals 5
Slide 6: BC Iron's Strategy
BC IRON’S STRATEGY For personal use only Bonnie Creek Project Startup/Ramp up 1.5/3/5 Mtpa CapEx A$30-40M OpEx ~$40/tonne FOB Very low strip ratio – ore at surface Terrain leveller surface miner In-pit secondary crushing Road haul to Christmas Creek/ Cloudbreak Expand capacity from c
Slide 7: Bonnie Creek – Mineral Resource
BONNIE CREEK– Mineral Resource For personal use only Total Mineral Resource Estimate – January 2009 DSO Resource Estimate Class Mt Fe CaFe SiO2 Al2O3 P S LOI1000 Measured 1.7 57.0 64.8 3.50 2.10 0.02 0.02 12.0 Indicated 41.2 57.0 64.7 3.10 2.10 0.02 0.01 12.0 Inferred 3.3 56.8 64.5 3.40 2.10 0.02 0.
Slide 8: Iron Ore Deposits – Pilbara Fines Peer Comparison
IRON ORE DEPOSITS – Pilbara Fines Peer Comparison For personal use only Element/ Typical BCI CID BHP CID RIO CID FMG Compound Spec Bonnie Ck Yandi Robe R Chichester Fe >57 57.0 58.0 57.0 59.1 CaFe >60 64.7 64.2 62.8 64.0 SiO2 3–5 3.1 5.0 5.7 4.2 Al2O3 < 2.0 2.1 1.3 2.7 2.3 P < 0.10 0.016 0.04 0.04 0
Slide 9: Bonnie Creek CID – Outcamp Prospect
BONNIE CREEK CID – Outcamp Prospect For personal use only 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N Scale 500 m Outcamp-Warrigal 38 Mt at 57.0% Fe (64.7% CaFe) Low strip ratio Outcropping mineralisation 9
Slide 10: Bonnie Creek CID – Outcamp Prospect
BONNIE CREEK CID – Outcamp Prospect For personal use only Conceptual ‘pit’ outline Regional surface Shallow “pits” mainly above surrounding plains - mining ore from day 1 Above water table - lower environmental impact Low OpEx - low strip ratio, use of surface miners 10
Slide 11: Bonnie Creek CID – Warrigal Well
BONNIE CREEK CID – Warrigal Well For personal use only Ore body at top of hills, no mining below surface Accessible by 4 WD along length of ore bodies Simple surface mining, very low strip ratios 11
Slide 12: Bonnie Creek CID – Mining
BONNIE CREEK CID – Mining For personal use only VERMEER TL1255 Terrain Leveller Drill & Blast not required Primary Crushing not required Mine Haul Trucks not required VERMEER TL1255 operating at Cloud Break (FMG) – photo by BC Iron 12
Slide 13: The Right Mill – Blast Furnace
THE RIGHT MILL - BLAST FURNACE For personal use only Blast furnace • Iron ore & coal are added at the top in alternating layers – lump & coke only • Hot air is blasted into the bottom of the furnace • Rising gases provide environment for reducing the iron oxides – Fe2O3 FeO • Descending burden mel
Slide 14: Niche Product – Sinter Feed
NICHE PRODUCT – SINTER FEED For personal use only Sintering All iron ore mines produce a lump and fines but only lump can be used in the blast furnace Synthetic lump is made by from fines by high temperature agglomeration - sintering Sintering creates “Made to order” lump Optimal physical pr
Slide 15: Sintering Quality
SINTERING QUALITY For personal use only Sintering Qualities of BCI Ore Independently tested in China – Shandong Uni Blended with a typical fines sinter feed Using 0, 10, 20, and 30% blend Resulted in increased quantity and quality of sinter – “First Class” Test work results: Increased si
Slide 16: Infrastructure
INFRASTRUCTURE For personal use only Infrastructure Strategies Rail Haulage with FMG/TPI Port access via TPI Anderson Point – 2009 Port access via Utah Point facility - 2010 Port access via planned NWIOA facility - 2012 Rail Access under TPI State Agreement using contract haulage by a rail
Slide 17: Marketing
MARKETING For personal use only Marketing Offtake Offtake agreement with Tennant Metals 25% Offtake to Tennant as Principal or Agent Mechanisms for increased offtake Australian company – Australian bank payments BC Iron Ore Marketing Strategy Customised sinter blend – high Value in Use
Slide 18: Bonnie Creek Project
BONNIE CREEK PROJECT For personal use only Baseline Environmental Surveys Completed Infill drilling Completed Resource Estimate Completed Feasibility Study First Half 2009 Mining Approvals First Half 2009 Construction commences Second Half 2009 Production First Half 2010 2H 2008 1H 200
Slide 19: Bonnie Creek Project
BONNIE CREEK PROJECT For personal use only Mineable Resource ✓ Pisolite Fines, low contaminants, “ULP" Mining & Heritage Approvals ❐ Surface mining, no pit, above water table Profitable Mining Methods ✓ Surface miner, low strip ratio, ore at surface Infrastructure ❐ Haulage agreement / State
Slide 20: For personal use only
For personal use only This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, some of which are out
Slide 21: Translation - The lawyers are winning.
For personal use only Translation - The lawyers are winning. 21
Slide 22: Mike Young, Managing Director; Blair Duncan, Operations Manager
For personal use only Mike Young, Managing Director Blair Duncan, Operations Manager
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